Major global reportedly saw around $520 million in revenue last year, reported on April 18.
The publication calculated the sum by looking at a filing to Britain’s corporate registry last week showing ’s non-U.S. revenue equaled around 154 million euros ($173 million), noting that a executive once stated that the non-U.S. revenue is equal to almost one third of the overall revenue
Based on Reuters’ calculations of ’s 2018 revenue, the crypto exchange has generated 60% less than its stated plans.
In late October 2018, Bloomberg published an claiming that had projected that it would see $1.3 billion in revenue in 2018. Based on unspecified documents, Bloomberg wrote that the -based crypto exchange foresaw significant revenue from commissions on trades, as well as from gains and losses in its crypto holdings, despite the bear market.
In January 2018, industry sources that made about $1 billion in revenue in 2017, overshooting its forecast for that year by 66 percent.
The Cointelegraph team has not found any official data from about its revenue for either 2017 or 2018.
Founded in 2012, is a major crypto and service based in the . Recently, the exchange was in list of the most popular companies for 2019, with placed at 35 out of a total of 50 companies.
Pro is currently 43rd among global crypto markets by adjusted daily volume.
On April 17, its crypto-to-crypto offering to 11 countries in Latin America and Southeast Asia, including Argentina, Mexico, Peru, as well as South Korea, Indonesia, the Philippines and others.
Meanwhile, , currently the third largest crypto exchange, was recently reported to have $78 million in profits in Q1 2019, up 66% from the previous quarter.
In a previous version of the article, the publication reported that venture capital investments in crypto and startup have the potential to set an all-time high in 2019, as investors also appear to be contributing larger amounts per deal.
Published at Sat, 20 Apr 2019 04:33:20 +0000
